Latin America & Caribbean (excluding high income) vs Saudi Arabia: Compensation of employees
Compensation of employees over time
- Latin America & Caribbean (excluding high income)
- Saudi Arabia
How they compare
Saudi Arabia currently reports 48.5% against 32.0% in Latin America & Caribbean (excluding high income), a difference of 16.5%.
That makes Saudi Arabia's figure about 1.5 times Latin America & Caribbean (excluding high income)'s.
Across all 14 years both countries report, Saudi Arabia has been ahead every year.
Latin America & Caribbean (excluding high income) ranks 12th and Saudi Arabia ranks 9th of 41 groups.
Saudi Arabia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean (excluding high income) | Saudi Arabia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 33.9% | 55.8% | 21.9% | Saudi Arabia |
| 2020s | 30.6% | 51.6% | 21.0% | Saudi Arabia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher compensation of employees, Latin America & Caribbean (excluding high income) or Saudi Arabia?
- Saudi Arabia, at 48.5% against 32.0% in Latin America & Caribbean (excluding high income) as of 2023.
- What is the difference in compensation of employees between Latin America & Caribbean (excluding high income) and Saudi Arabia?
- 16.5%, with Saudi Arabia ahead.
- How many years of comparable data are there for Latin America & Caribbean (excluding high income) and Saudi Arabia?
- 14 years are reported by both, from 2010 to 2023.
- How do Latin America & Caribbean (excluding high income) and Saudi Arabia rank globally for compensation of employees?
- Latin America & Caribbean (excluding high income) ranks 12th and Saudi Arabia ranks 9th of 41 groups.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Compensation of employees (% of expense). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.